The Community of Madrid has news for the heirs, and that is that the president of the community, Isabel Díaz Ayuso, has announced new fiscal bonuses in the Inheritance and Donations Tax. Specifically, The bonus of said tax will be increased from 25% to 50% in the case of brothers, uncles and nephews.
The Inheritance and Donations Tax is a tribute transferred to the Autonomous Communities, so that they can apply certain deductions to it. In many cases, direct relatives are exempt from paying this tax or they do it in a very small and symbolic proportion.
One of them is the Community of Madrid, where currently direct relatives have a 99%bonus. In the case of brothers, uncles and nephews for consanguinity, 25%is applied, and it is this percentage that Ayuso will expand.
The expansion of the bonus of this tax will save from Madrid 140 million euros a year
In the announcement it was done by the president of the Community of Madrid, at a conference at Forbes House, in which Díaz Ayuso has reported that the next Wednesday, February 19 The Governing Council will begin with the procedures of this tax drop for Madrid.
In addition to the 50% extension of the bonus of the succession and donations tax for the brothers, uncles and nephews, Donations will also be bonus with 99% and with 100% those that are below 1,000 euros, as they have collected from Europa Press.
With this measure, the Community of Madrid intends that Madrid families “are not suffocated when they give inheritance to what is theirs and without having to ruin as it happens in so many places in Spain, that is, punishing savings and property.”
According to Díaz Ayuso, it is “an unfair and anachronistic tax, almost all the countries of the European Union have already eliminated it a lot and it is also a commitment of our electoral program in 2023, by the way, by the way, backed widely by Madrid at the polls. ”
Ask for respect for the fiscal decisions of the community and ensures that “it is not at the expense of the rest of Spain”, And that it is not “no fiscal dumping”, it is only the reflection that they use “their autonomy and normative capacity, which is collected in the Constitution and the statutes of autonomy.”